Taneja Aerospace and Aviation soars on block deal

Taneja Aerospace and Aviation soared 9.98% at Rs 62.25 per share on BSE during the morning hours of trade

Jul 31, 2017 04:07 IST India Infoline News Service

Traveling People
Taneja Aerospace and Aviation soared 9.98% at Rs 62.25 per share on BSE during the morning hours of trade. The shares of company breached upper circuit at Rs 62.25.
 
On BSE, the stock witnessed a 16.9 lakh trade in a block at Rs 55.10 per share.

The stock on Monday’s trade has spurted in volume by more than 13.63 times and also breached upper circuit of Rs 62.25 per share.

Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs 5 crore, executed through a single transaction, on the special block deal window.

Taneja Aerospace and Aviation is engaged in the business of manufacture and sale of various parts and components to the aviation industry, providing services related to airfield and maintenance, repair and operations (MRO), and allied services.

Stock view:

Taneja Aerospace & Aviation Ltd is currently trading at Rs 62.25, up by Rs 5.65 or 9.98% from its previous closing of Rs 56.6 on the BSE.
 
The scrip opened at Rs 55.45 and has touched a high and low of Rs 62.25 and Rs 55.45 respectively. So far 1855122(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 141.16 crore.
 
The BSE group 'XC' stock of face value Rs 5 has touched a 52 week high of Rs 68.95 on 13-Apr-2017 and a 52 week low of Rs 39.5 on 21-Nov-2016. Last one week high and low of the scrip stood at Rs 67.4 and Rs 55.1 respectively.
 
The promoters holding in the company stood at 51.07 % while Institutions and Non-Institutions held 4.41 % and 44.52 % respectively.
 
The stock is currently trading above its 50 DMA.

Related Story